Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Statobek along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We are
Speaker 1: joined by Avalon Parnell from the Bloomberg News team. With
Speaker 1: some stocks on the move.
Speaker 3: Sure do so we can go in and start off
Speaker 3: with Apple, that's ticker AAPL whipsawing from the green to
Speaker 3: the red, although right now it's down about five zero
Speaker 3: point five percent in post market. That's after the tech
Speaker 3: company reported second quarter results that were boff expectations basically
Speaker 3: across the board. But we already know there's a lot
Speaker 3: of questions that people have, mainly about the margin with
Speaker 3: the very high prices for memory right now, and also
Speaker 3: whether we're going to hear anything from the incoming CEO.
Speaker 4: Gint Turnas, although everybody we keep talking was like, come on,
Speaker 4: we know, we know he's going to take over.
Speaker 5: You know, we know what the company needs to do.
Speaker 4: But that's a great summary because there's a lot that
Speaker 4: comes out when Apple drops.
Speaker 1: Yeah, you've done about half a percentage.
Speaker 4: Point right now, speaking about when you know, a lot
Speaker 4: comes out when Apple drops Roadblocks really dropping in the aftermarket.
Speaker 3: Yeah, Roadblocks, that's ticker RBLX now, so currently thinking about
Speaker 3: twenty one percent. That's after the firm reported were daily
Speaker 3: active users for the first quarter that fell far below expectations.
Speaker 3: It also slashed its full your Bookings forecast and issued
Speaker 3: second quarter forecasts that were again below expectations. And this
Speaker 3: is all happening after Roadblocks has implemented some child safety
Speaker 3: restrictions and features, and yeah, it seems to be impacting.
Speaker 3: How many kids actually want to play on the app?
Speaker 5: Now, I don't know. I don't know anybody who plays.
Speaker 5: Do you know anybody who plays on the app?
Speaker 1: Well, it's for kids?
Speaker 4: Yeah, well sometimes a see it's your question stuxdown about thirty.
Speaker 1: I mean say for kids. I think it's for kids.
Speaker 5: I don't know, do you plan?
Speaker 3: No, My younger siblings used to play it when they
Speaker 3: were kids.
Speaker 5: Oh okay, all right, so there you go. There's the market.
Speaker 4: Let's go on over to Reddit. Also on the move
Speaker 4: in the aftermarket, A whole.
Speaker 3: Lot of stuff happening in tech. That's ticker RDDT. Gaining
Speaker 3: now about nine percent postmarket. That's after a firm beat
Speaker 3: sales expectations again on those continued ads growth, and it
Speaker 3: also released a sales forecast that came ahead of estimates.
Speaker 3: Worth also noting that Reddit's COO told Bloomberg earlier today
Speaker 3: that it is in active discussions with open ai and
Speaker 3: Google about next steps related to their current licensing agreement.
Speaker 5: I bet Reddit.
Speaker 4: You know, We've always talked about one of the big
Speaker 4: value of Reddit, right is all the data and information
Speaker 4: they can give because they very segmented, vertical, you know,
Speaker 4: people interested in certain things, and that kind of data
Speaker 4: is going to be very, very valuable going forward.
Speaker 1: I think I've shared this story before.
Speaker 5: That you disappeared into Reddit.
Speaker 1: We own, well that was the problem. I mean, the
Speaker 1: Reddit algorithm, at least me is like so good. It's
Speaker 1: just constantly serving exactly what it thinks I want to
Speaker 1: see and it's correct. And at the end of twenty
Speaker 1: twenty four, how much time I got this email or like,
Speaker 1: you know, this thing popped up on Reddit app and
Speaker 1: it was like, here is You're yearly wrapped and read
Speaker 1: it and he was like you have scrolled and it
Speaker 1: said like the number of miles I had scrolled on
Speaker 1: my phone with my thumbs.
Speaker 5: I was just like, you should see the muscles.
Speaker 1: That is that is the ultimate sign to just uninstall
Speaker 1: the app and quit. And I did, wow, because I can't.
Speaker 5: We brought him.
Speaker 1: Back like it was really bad. My screen time was
Speaker 1: really bad.
Speaker 2: Still is redd?
Speaker 4: Social media addiction ninety five percent family.
Speaker 5: Job, Holy kidding.
Speaker 1: Like this?
Speaker 5: No, you know you're like a sibling to me.
Speaker 4: Bloomberg News equities reporter Avalon Purnell joining us with some
Speaker 4: stock stocks on the move.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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